The Gap, Inc. (GPS) is a part of Services sector and belongs to Apparel Stores industry. (The) (NYSE:GPS) by 47.4% during the second quarter, Holdings Channel reports. Axa has invested 0.14% in Gap Inc (NYSE:GPS). (The) were worth $299,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in GPS.
ING Groep NV reduced its position in Gap, Inc. (The) by 0.3% in the first quarter. Nationwide Fund Advisors now owns 118,671 shares of the apparel retailer's stock valued at $2,883,000 after buying an additional 56,424 shares during the last quarter. Nationwide Fund Advisors boosted its position in shares of Gap, Inc. (The) during the first quarter valued at approximately $211,000. (The) during the first quarter valued at about $217,000. The institutional investor held 283,887 shares of the consumer services company at the end of 2016Q4, valued at $6.37M, down from 2.55M at the end of the previous reported quarter.
Murphy Capital Management Inc increased Select Sector Spdr Tr Sbi Cons (XLY) stake by 6,689 shares to 34,673 valued at $2.82 million in 2016Q4. (The) by 9.5% in the first quarter. The institutional investor owned 148,413 shares of the apparel retailer's stock after selling 38,406 shares during the period. Finally, Arizona State Retirement System raised its stake in Gap, Inc. Over the past five trading sessions it is 2.93%; 15.89% for the month; -6.93% for the last quarter; 8.09% for the past six-months; and -4.06% for the last 12 months. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,354 shares of the apparel retailer's stock worth $360,000 after buying an additional 80 shares in the last quarter. Gap, Inc. (The) has a 52-week low of 21.02 and a 52-week high of 30.74. (GPS) opened at 24.58 on Wednesday. The stock had a trading volume of 3,822,268 shares. (SQ) has a market cap of $9.58 billion and over the last 12 months, Square, Inc. (GPS)'s latest closing price distance was -2.03% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 3.80% and 0.96% compared with the 20 Day Moving Average. These analysts have also projected a Low Estimate of $0.49/share and a High Estimate of $0.56/share.
Recent Insider Trading for Gap, Inc. This represents an increase of approximately 443% compared to the average volume of 114 put options.
Gap, Inc. (The) (NYSE:GPS) last announced its earnings results on Thursday, May 18th. In the last earnings report the EPS was $1.73 and is projected to be $2.00 for the current year with 395,759,000 shares now outstanding. The firm had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter a year ago, the business posted $0.32 EPS.
While looking at the Stock's Performance, The Gap, Inc. now shows a Weekly Performance of 1.49%, where Monthly Performance is 12.12%, Quarterly performance is -11.07%, 6 Months performance is 1.97% and yearly performance percentage is -1%.
Analysts await Gap Inc (NYSE:GPS) to report earnings on August, 17 after the close.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 26th. Shareholders of record on Wednesday, October 4th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, June 30th. It has a dividend yield of 3.87%. Gap, Inc. (The)'s payout ratio is now 53.18%. James Investment Research Inc. bought a new stake in shares of Gap, Inc. "(The) (GPS)" was originally posted by Markets Daily and is the property of of Markets Daily. If you are reading this report on another site, it was stolen and republished in violation of United States & worldwide copyright legislation.
Several research analysts recently issued reports on Global Positioning System shares. FBR Capital maintained Gap Inc (NYSE:GPS) on Friday, November 20 with "Mkt Perform" rating. (The) and gave the company a "buy" rating in a research report on Thursday, May 4th.
BMO Capital Markets set a $23.00 price target on Gap, Inc. (The) from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a research report on Tuesday. Credit Suisse maintained the shares of HD in report on Monday, December 7 with "Outperform" rating. For the next 5 years, The Gap, Inc.is expecting Growth of 7.33% per annum, whereas in the past 5 years the growth was -5.14% per annum. The stock presently has an average rating of "Hold" and a consensus target price of $25.78. Finally, CIBC raised Gap, Inc.
Citigroup both downgraded the stock and lowered the price target on November 18 cutting the price target from $27.00 to $25.00 and altering the rating from "Neutral" to "Sell". (The) from a "sell" rating to a "hold" rating in a research report on Sunday, July 16th. Jeff Kirwan, President & CEO, Gap sold $22,540 worth of shares at an average price of $22.54 on June 1st. Following the completion of the transaction, the chief executive officer now owns 29,548 shares of the company's stock, valued at $735,154.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The shares were sold at an average price of $24.88, for a total value of $124,400.00.